Business  |  Tax Incentives


Hoover Universal, Inc. Agreement #12-001 
CRA # 173-57190-03


Agreement Information
Community: NORTHWOOD      ODOD Status: Active
County: Wood      Agrmt Date: 7/25/2012
Local School District:      Amend. Date:
     Expiration Date: 12/31/2030
School Comp Agreement: Yes      Revenue Sharing: Yes
  SIC Code: 3714

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $3,200,000.00 $3,200,000.00
Exemptions $0.00 $3,200,000.00 $3,200,000.00
 

Real Property Tax Incentives

Percentage  100 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $7,000,000.00 $0.00 $0.00 $7,000,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 325 $12,500,000.00
Fulltime Permanent 86 $2,300,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 756      Cumulative Taxes
Jobs Created: 431 Real Property Taxes Paid: $534,435.00
Jobs Retained: 325 Real Property Taxes Forgone: $322,616.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $18,160,329.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $4,645,185.00 Other Tax Incentives: $0.00
Personal Property: $6,140,991.00 TIRC Date: 3/16/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $182,578.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $110,136.00
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

Back to Search Page